18 Va. Admin. Code § 48-30-130
Current through Register Vol. 41, No. 9, December 16, 2024
Section 18VAC48-30-130 - Minimum requirements for registrationApplications for registration shall include the following:
1. The documents and information contained in § 55.1-1975 of the Code of Virginia.2. The application fee specified in 18VAC48-30-100.3. The following documents shall be included as exhibits. All exhibits shall be labeled as indicated and submitted in hardcopy form and electronically in a format acceptable to the board. a. Exhibit A: A copy of the certificate of incorporation or certificate of authority to transact business in Virginia issued by the Virginia State Corporation Commission or other entity formation documents.b. Exhibit B: A copy of the title opinion, title policy, or a statement of the condition of the title to the condominium project including encumbrances as of a specified date within 30 days of the date of application by a title company or licensed attorney who is not a salaried employee, officer, or director of the declarant or owner, in accordance with subdivision A 5 of § 55.1-1975 of the Code of Virginia.c. Exhibit C: A copy of the instruments that will be delivered to a purchaser to evidence the purchaser's interest in the unit and of the contracts and other agreements that a purchaser will be required to agree to or sign.d. Exhibit D: A narrative description of the promotional plan for the disposition of the condominium units.e. Exhibit E: A copy of documentation demonstrating the declarant's financial ability to complete the project in accordance with 18VAC48-30-120.f. Exhibit F: A copy of the proposed public offering statement that complies with subsection A of § 55.1-1976 and subsection B of § 55.1-1982 of the Code of Virginia, as applicable, and this chapter. A substitute public offering statement or a prospectus pursuant to 18VAC48-30-370 and 18VAC48-30-380 respectively may be submitted for a condominium formed in another jurisdiction.g. Exhibit G: Copies of bonds required by §§ 55.1-1921, 55.1-1968, and 55.1-1983 of the Code of Virginia, as applicable.h. Exhibit H: A list with the name of every officer of the declarant who is directly responsible for the project or person occupying a similar status within, or performing similar functions for, the declarant. The list must include each individual's address, principal occupation for the past five years, and extent and nature of the individual's interest in the condominium as of a specified date within 30 days of the filing of the application.i. Exhibit I: Plats and plans of the condominium that (i) comply with the provisions of § 55.1-1920 of the Code of Virginia and 18VAC48-30-140 other than the certification requirements and (ii) show all units and buildings containing units to be built anywhere within the submitted land other than within the boundaries of any convertible lands. Hardcopy submittals of plats and plans must be no larger than 11 inches by 17 inches.j. Exhibit J: Conversion condominiums must attach (i) a copy of the general notice provided to tenants of the condominium at the time of application pursuant to subsection C of § 55.1-1982 of the Code of Virginia, (ii) a copy of the formal notice to be sent at the time of registration to the tenants, if any, of the buildings, and (iii) the certified statement required in accordance with subsection D of § 55.1-1982 of the Code of Virginia.18 Va. Admin. Code § 48-30-130
Derived From Virginia Register Volume 31, Issue 20, eff. 8/1/2015; Amended, Virginia Register Volume 36, Issue 06, eff. 12/31/2019.Statutory Authority: § 54.1-2349 of the Code of Virginia.